Under Armour Completes $400M Notes Offering
Deal News | Jun 23, 2025 | Fried Frank
Under Armour, Inc., a Baltimore-based company specialized in athletic performance apparel, footwear, and accessories, successfully concluded a private offering of $400 million in Senior Notes with a 7.250% interest rate, set to mature in 2030. Fried Frank acted as counsel for Under Armour in this financial transaction. The company plans to utilize the net proceeds of this offering to retire their outstanding 3.25% Senior Notes due 2026. This strategic financial move illustrates Under Armour's intent to optimize its debt structure. Corporate partners Daniel J. Bursky and Mark Hayek helmed Fried Frank's team in advising Under Armour.
Sectors
- Financial Services
- Apparel and Footwear
Geography
- United States – Under Armour is headquartered in Baltimore, Maryland, and this transaction pertains to a US company.
Industry
- Financial Services – This sector is involved as Under Armour raised capital through a notes offering and a law firm advised on the transaction.
- Apparel and Footwear – Under Armour is a key player in the athletic performance apparel and footwear industry.
Financials
- $400,000,000 – The aggregate principal amount of the notes offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Under Armour, Inc. | Issuer | Company | Under Armour is a leading marketer and distributor of branded athletic performance apparel, footwear, and accessories. |
| Fried Frank | Legal Advisor | Company | Fried Frank acted as counsel to Under Armour in the notes offering. |
| Daniel J. Bursky | Corporate Partner | Person | Corporate partner at Fried Frank leading the legal advisory team for Under Armour. |
| Mark Hayek | Corporate Partner | Person | Corporate partner at Fried Frank leading the legal advisory team for Under Armour. |